101 results found

The International Trusts (Amendment) Law of 2012, which was entered into force on 23 March 2012, generated a new type of trust, the "International Trust".

The Cyprus International Trust ("CIT") continues to enjoy an increased momentum and demand, not only through the establishment of new trusts but also through having foreign trusts ‘redomiciled' to Cyprus and becoming CIT's.

In a previous publication exploring the related issues we had indicated that our firm had launched legal proceedings against, among others, a nominee shareholder unwilling to co-operate with the beneficial owners of the shares.

In our recent related articles (1 & 2) we conducted an in-depth exploration of trusts, shedding light to their evolution and the strict rules that govern them, particularly in the context of Cyprus.

The Council of Ministers on 16 December 2020 has decided to implement the provisions of the Prevention and Suppression of Money Laundering and Terrorist Financing Law 13(I)/2018 (the "AML Law")...

Establishing a trust is a strategy for managing and protecting assets. However, the concept of a "sham trust" can undermine this goal...

A Cyprus International Trust ("CIT") is a legal structure through which an individual or legal person, known as the settlor, transfers assets to a trustee, who then administers those assets...

A Cyprus International Trust, under the International Trusts Law, 69(I)/1992 as amended by Law 20(I)/2012, is a trust.

A Cyprus International Trust, under the International Trusts Law, 69(I)/1992 as amended by Law 20(I)/2012, is a trust where (i) the settlor was not a Cyprus tax resident...

The period of perestroika in Russia coincided with the introduction of the Cyprus International Trusts Law 1992, which gave Cyprus a ‘state of the art’ international trusts regime, with excellent tax mitigation and asset protection features, and the additional benefit of circumventing any forced heirship restrictions.

The period of perestroika in Russia coincided with the introduction of the Cyprus International Trusts Law 1992, which gave Cyprus a ‘state of the art’ international trusts regime, with excellent tax mitigation and asset protection features, and the additional benefit of circumventing any forced heirship restrictions.

Cyprus is the third-largest island in the Mediterranean, with an area of 9,251km. It is situated at the crossroads of Europe, Asia, the Middle East and Africa

Trusts are highly versatile instruments which can be used for a wide variety of purposes to achieve specific goals. In simple terms, the common law Trust is structured as a triangular relationship where the ...

In today's globalised economy, businesses often seek favourable environments to expand their operations and optimise their corporate structures. Cyprus, known for its strategic geographical location and business-friendly regulations...

Cyprus stands out as a prime destination for establishing trusts, offering a robust legal framework with significant tax incentives. The trust is arguably the most important...

While rarely discussed publicly, this question is relevant to high-net-worth individuals, family offices, and corporate entities that manage international trusts through Cyprus.

Cyprus International Trusts (the Cyprus Trust) can hold assets anywhere in the world in a tax-efficient, secure and confidential structure.